Redondo Union High School Wins 2012 Economic and Financial Literacy Contest

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Loyola High School and Centennial High School take second and third places, respectively, in California Council on Economic Education’s Capital Markets Contest.

The three-student team from Redondo Beach, California, led by mentor Cheryl Kunstle, took first place in CCEE’s 2012 Capital Markets Contest, held at the Federal Reserve Bank of San Francisco, Los Angeles Branch.

Sanjay Mahboobani, Claire Chiara and Chris Lew successfully interpreted complex macro and micro economic factors influencing the global and national economies.

The talented team, supported by teachers, parents and mentors, presented a thoughtful analysis of events and views of current economic issues, such as: the housing market, job environment, monetary policy and possible future economic outcomes.

The annual contest, sponsored with CFA Society of Los Angeles, is part of the largest economic and financial literacy program of its kind and teaches a range of basic principles for saving, investing and functioning in the U.S. capital markets. The overall program reaches 1,600 students and 44 high schools across California, and includes 50 community volunteer mentors and judges from local communities.

“The contest confirms that students are intensely interested in financial literacy,” said William Coffin, CCEE Chairman. “ It helps them recognize that economic factors influence their futures and can be applied to their lives first hand. This year, we implemented the program through EconWorks, our new online platform, which enables us to reach larger and larger numbers of teachers and students each year.”

“These students made an investment in their futures that will yield returns throughout their lifetimes,” said James Lewis, President of CFA Society of Los Angeles. “Our organization supports the youth of our community and is committed to providing them with the skills and education necessary to prosper and pursue their passions.”

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About CFA Society of Los Angeles
Established in 1931, the Chartered Financial Analyst Society of Los Angeles (CFALA) is a network of investment management professionals in the greater Los Angeles area. CFALA is a member society of CFA Institute whose mission is to provide access to information, expertise and personal interaction to further members' professional development and promote the value of the profession and the CFA designation.

About Federal Reserve Bank of San Francisco
The Federal Reserve System is the central banking system of the United States. It was created in 1913, with the enactment of the Federal Reserve Act. Its duties today are to conduct the nation's monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions.

About California Council on Economic Education
For nearly a half-century, California Council on Economic Education, a nonprofit organization, has been dedicated to advancing the economic reasoning and financial literacy of Californians. CCEE prepares students to participate in the global economy by providing educational programs and materials to K–12 teachers. Information about professional development for teachers, workshops, programs and student contests can be found at http://www.ccee.org.

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William Coffin, Chairman
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